Gapping down
Select Macau gaming names showing early weakness:
- MLCO -8.4%, WYNN -5.6%, LVS -4.5%, MGM -1.5%
Other news:
- KAVL -37.9% (reports Q3 results; notes impact of FDA's PMTA process in discussing its decline in revenues, updates guidance for FY21)
- CDXC -21.7% (to defend IP portfolio; plans to appeal patent infringement lawsuit)
- TBPH -19.8% (reports Phase 3 study of Ampreloxetine did not meet the primary endpoint; takes strategic actions to focus on respiratory disease portfolio)
- AVTX -17.6% (prices offering of 12.5 mln shares of common stock at $2.20 per share)
- BBIO -14.2% (receives Fast Track Designation from FDA for investigational therapy for the treatment of Limb-girdle Muscular Dystrophy Type 2i)
- HUT -11.6% (stock offering)
- YUMC -4% (provides business update: Delta variant significantly impacted restaurant industry)
- PMTS -2.1% (files for $150 mln stock offering; also files for offering by selling shareholders)
- LYV -2% (prices offering of 5,239,259 shares of common stock at $86.90 per share)
- ASO -2% (prices secondary offering by affiliates of KKR of 18,645,602 shares of common stock at $44.75 per share)
Analyst comments:
- IART -0.9% (downgraded to Neutral from Buy at BTIG Research)